Did you know that some companies in India are often mistaken for foreign entities but are Indian? Examples include Havells, Ranbaxy Pharmaceuticals, Oyo, and several others. Let us take a look at their success stories.
Havells- Havells India Limited is an Indian multinational electrical company based in Noida. It was originally founded by Haveli Ram Gandhi and later sold to Kimat Rai Gupta, who had been a contributor to the business. Kimat Rai Gupta began his entrepreneurial journey by establishing Guptaji & Company in Delhi in 1958. His significant breakthrough came in 1971 when he acquired the Havells brand for Rs 7,00,000, transforming it into a leading name in electrical goods. Under his leadership, Havells expanded its product range and solidified its market presence. Gupta passed away at 77, leaving behind a legacy worth approximately $2 billion. Today, his son, Anil Rai Gupta, continues to lead Havells India Ltd., driving its growth and success.
OYO- This hotel startup was founded in India in 2012 by Ritesh Agarwal, a young entrepreneur who aimed to revolutionise the budget accommodation sector. OYO quickly grew by partnering with hotels to enhance their services and offering customers easy-to-book, reliable, and affordable rooms.
Ranbaxy- Founded in 1937 by cousins Ranjit and Gurbax Singh as a drug distribution firm in Amritsar, Punjab, Ranbaxy became a prominent name in India’s pharmaceutical industry. In 2008, the Japanese pharmaceutical company Daiichi Sankyo acquired a controlling share in Ranbaxy. Later, in 2014, Sun Pharma acquired 100% of Ranbaxy in an all-stock deal, bringing in new management and further transforming the company.
Every company has a different path of growth and adaptation, describing how vision, strategy and market responsiveness are crucial to direct the evolving business landscape. Therefore, the evolution of Havells, Oyo and Ranbaxy highlights the dynamic nature of business and industry innovation. Their stories provide valuable insights into the processes of scaling, innovation, and flexibility in today’s competitive environment.
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